[February 20, 2017]

Securian Generates Solid Results in 2016

Securian Financial Group once again generated solid financial results in 2016, with revenue increasing 4 percent and performance on most key metrics exceeding 2015 results.

"Securian generated another solid year of financial results," said Chris Hilger, Securian's president and CEO. "Our diverse businesses increased revenue and achieved excellent retention. We also made important strategic decisions and investments to ensure future growth and success for the enterprise."

Performance on Key Metrics

• Top-line revenue increased 4 percent to $4.4 billion. Over the past five years, Securian's revenue has increased at a 9 percent compound annual growth rate.
• Insurance in force-the financial protection Securian provides to its customers-increased 2 percent to $1.18 trillion.
• Assets under management increased 10 percent to $70.5 billion.
• Insurance sales increased 6 percent to $955 million.
• Annuity sales, which include annuities sold to individuals and retirement plans sold to employers, increased 19 percent to $2.0 billion.
• Statutory capital increased 8 percent to nearly $3.3 billion, maintaining a capital level considered excellent by rating agencies.
• Earnings were $255 million, down 7 percent from 2015 primarily due to increased life insurance benefits paid.

"In 2016, Securian paid out the most benefits in our history-$4.9 billion-to individuals, families and businesses when they needed them most," said Hilger. "We are honored to provide financial security to the over 16 million customers who count on us."

Enterprise Highlights

• All four major rating agencies affirmed Securian's high ratings citing the company's diverse business profile, strong operating results, high levels of capital and clarity of strategic priorities.*
• For the first time in its 136-year history, Securian signed a definitive agreement to expand beyond the United States. Canadian businesses to be acquired include insurance manufacturers Canadian Premier Life Insurance Company and Legacy General Insurance Company, distributor CRI Canada, and loan and insurance point-of-sale technology company Selient. The transaction, with current owner ivari, is expected to close in the first half of 2017.
• All Securian business lines achieved retention results of 92 percent or better, reflecting the high caliber of service and the overall financial value the company delivers.

Securian's contributions to the community from the Securian Foundation, in-kind contributions, employee volunteerism and other cash gifts totaled $4.7 million in 2016. As it has every year since 1985, Securian again achieved the Minnesota Keystone Program membership, which recognizes companies that donate at least 2 percent of their pre-tax earnings to the community.

Profit Sharing for Employees

For the 43rd consecutive year, Securian will make a profit sharing contribution to employees' retirement accounts. The company's contribution rate for its 2016 results will be 4.7 percent of annual salary. Employees receive the company contribution regardless of whether they make a contribution themselves, and they have the option to take half of it in cash.

As of the end of 2016, Securian employed 4,577 associates nationwide (up 5 percent over 2015), including 2,676 at its headquarters in St. Paul (up 2.5 percent over 2015). Securian retained more than 95 percent of its employees in 2016.

ABOUT SECURIAN FINANCIAL GROUP
Since 1880, Securian Financial Group and its affiliates have provided financial security for individuals and businesses in the form of insurance, investments and retirement plans. Now one of the nation's largest financial services providers, Securian is the holding company parent of a group of companies that offer a broad range of financial services.

*For more information about the rating agencies and Securian's ratings, visit www.securian.com/ratings.

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